County to sink another $267,000 into fire suppression well for exo-S
Monday May 12, 2014 12:10pm
By: Tim Murray
LAGRANGE - Members of the LaGrange County Council and County Commissioners voted unanimously this morning to spend more than a quarter-of-a-million dollars to help Exo-S build a 20-inch well for fire suppression.
The move came after the boards learned from Commissioner President Jac Price and Exo-S that their insurance company is requiring a private dedicated source of water for the company’s fire suppression.
"Their insurance company said the only way that they will okay them to have the water tower in the fire suppression system is if the water tower is dedicated to exo-S use only. The emails I saw, I thought they were very insistent upon the fact that their preference is a fire suppression well on the property for the purpose of fire suppression in the exo-S building," Price reported.
The county already committed around $400-thousand dollars to extend a water line from Fawn River Crossing to the Exo-S facility. Construction of that water line began recently. That project will be paid from TIF District Funds.
The joint boards agreed to pay 75% of the project cost of $356-thousand dollars...or around $267-thousand from Major Moves. The company agreed to not seek tax abatement on a potential acquisition expansion of the facility that is pending.